Toronto Housing Market 2022 Remains Hot

Housing prices down but activity on the rise in Vancouver, Toronto housing markets!

Milder disengaged lodging values brief new round of home-purchasing movement in hot pockets of Greater Vancouver and Greater Toronto real estate markets. Q2 disengaged home deals up in 40% of GTA pockets, and 31% of GVA, contrasted with Q1.

3rd Quarter 2022

Price Trends in the GTA Housing Market

RE/MAX found that second quarter values in the Greater Toronto housing market were 10 to 15 per cent below Q1 levels.


$10-15% Below

Price Trends in the Greater Vancouver

Downward price trend in the Greater Vancouver and Fraser Valley housing market in terms of preliminary estimates.


$10-13% Below

Prices Down But Housing Market is Relatively Stable!


Big Bargains

In fact, there is relative stability in terms of market conditions, so buyers shouldn’t expect big bargains.

Sales-to-active listings remain squarely in balanced territory


Stable Market

Sales-to-active listings remain squarely in balanced territory overall and even tight in some areas.  

This trend will likely keep prices fairly stable moving forward. 


Stable Prices 

In Vancouver, for example, supply was lower this June than last in 50 per cent of markets and sales are down accordingly. 

Housing Market

The Greater Vancouver real estate market encountered an expansion in deals in 31% of locales (5/16), including Island-Gulf, North Vancouver, Squamish, Sunshine Coast and Whistler/Pemberton.


$ Sales increased 

Active Inventory Down in GTA & GVA

In spite of the conditioning in real estate markets by and large, dynamic isolates lodging postings in June were running just about 19% underneath the 10-year normal in the GTA, roughly 12% beneath the 10-year normal in the GVA and near nine percent beneath the 10-year normal in Fraser Valley. This is when manufacturers are packing up camp and racking proposed improvements because of gentler interest. While the impact of those decisions will not be felt immediately,

‘I wish I’d bought back then.’ __buyers

It's a genuine test, as the supply of segregated homes stays low according to a verifiable viewpoint and furthermore with regards to populace development and future necessities. This will stay a vital component influencing Toronto and Vancouver, which are currently viewed as elite business sectors. Harder economic situations and a potential downturn will be significant market obstacles, however, history advises us that downturns frequently bring a solid bounce back. There’s always a reason buyers say, ‘I wish I’d..’